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The winners of the GobalCapital Bond Awards 2020 were announced on 30 September at a ceremony held virtually for the first time in 12 years The African Development Bank (https://www.AfDB.org/) was selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight…
Concerned about the destruction of the environment and a dip in tourism around Lake Chivero, Gary Stafford, the Managing Director of Kuimbashiri Bird Sanctuary has come up with the Chivero Challenge to give a lifeline to the tourism giant in Zimbabwe. Introducing the concept during a press conference at Kuimba Shiri today, Stafford reminisced on…
Google offered a range of guarantees to the European Commission (EC) around its use of data were it to acquire Fitbit, Financial Times reported, with the promises said to have tipped the balance in favour of the regulator approving the deal. The newspaper’s sources said Google’s pledges include: not using data derived from Fitbit wearables for targeted advertising…
Steward Bank has partnered with businesses under parent company Cassava Smartech Zimbabwe to launch AgroFuture, a new agribusiness product that is set to improve agricultural production in the country. The product – to be delivered in partnership with Cassava entities EcoCash, EcoSure, Vaya, Moovah, and EcoFarmer – offers tailor-made solutions to specific needs of the…
Zimnat, a leading financial service provider in the country has honoured rising musical sensation Jah Master of the “Hello Mwari” fame through a treat to some of their products and services. The honour is in recognition of his contribution in making life better during the COVID-19 induced nation lockdown through his song which has become…
Mr. Antonio Guterres, the United Nations Secretary-General has noted the challenges and hardships brought about by the COVID-19 pandemic and underscored the importance of financing for development in his opening remarks at the High-Level Meeting on Financing for Development in the Era of COVID-19 and Beyond. Below, Spiked Online Media shares his full speech: THE…
African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, announces $100 million financing to enable its Member States to procure COVID-19 related medical resources through the Africa Medical Supplies Platform (AMSP). The funding is available to African governments to acquire medical supplies through the AMSP in the form of pre-approved overdraft limits for each African…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has urged the government to allow greater use of mobile money platforms in the country as a way to bridge the financial divide. “Mobile money services are expected to continue playing a key role of bridging the financial divide by providing convenient, safe, secure and…
By Charles Dhewa Failure to implement agricultural policies by many African countries stems from processes through which such policies are developed. When different stakeholders do not adequately participate in the process of developing a national agricultural policy, their commitment in terms of technical and financial support is often very weak. Those leading processes of developing…
The bank is expanding its resource mobilization activities to meet the growing financing needs of SMEs he OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to support small- and medium-size enterprises (SMEs) and infrastructure…
The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Pula to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. Every farming season, African farmers are exposed to a wide range of climate risks including drought, excessive rainfall, pests…
By Zimbabwe Environmental Law Association The Zimbabwe Environmental Law Association (ZELA) notes with concern the slow and poorly coordinated search, rescue or recovery efforts of five artisanal miners trapped underground at Task Mine in Chegutu. This disaster follows several others in the last two years that claimed lives of those trying to eke a living…
As Zimbabwe relaxed the COVID-19 lockdown restrictions and opened up flights and other tourism services, Fastjet has resumed its domestic flights in Zimbabwe. This reporter witnessed a remarkable improvement in security at the Robert Mugabe and the Joshua Nkomo International Airports in as far as COVID-19 preventive measures are concerned. Mr. Felix Nyangani, the Head…
The African Export-Import Bank (Afreximbank) has been awarded the 2020 Africa-America Institute (AAI) ‘International Institution of Excellence Award’, during the Institute’s 36th Awards Virtual Awards Gala. Becoming the first organization to receive the award in the history of the institute since its establishment in 1953, Afreximbank was honored this award for its commitment to the creation and implementation of…
As the world grapples with the COVID-19 pandemic, bridging the digital divide for the 3.6 billion people who remain off-line worldwide is being made possible through information communication technology, Dr. Jenfan Muswere, the Minister of ICT, Postal and Courier Services has said. Dr. Muswere made the remarks at the official opening of the Sadza Community…
By Anyway Yotamu The United States of America through USAID has announced that it is fully committed to improving the country’s health sector which is on its knees. The challenges in the health sector are due to shortages of much-needed equipment in hospitals and the deteriorating economic hardships precipitated by the outbreak of the COVID-19…
By Anyway Yotamu Embattled Harare Town Clerk Hosiah Chisango, representing the City of Harare has been jointly arraigned before the Magistrates Court together with Michael John Van Blerk representing Pokugara Properties (PVT) LTD facing fresh criminal charges of perjury. According to the summons, the two are to appear in court on the 28th of September…
One year ago (24 September 2019), there was a commitment to educating and empowering ten million women entrepreneurs over the next ten years through the Women’s Entrepreneurship Accelerator (WEA). The WEA began to lay the groundwork for a systemic transformation to break down the barriers keeping women from achieving financial independence and contributing to a…
Credit ratings agency highlights strong solvency and liquidity, bolstered by ongoing and expected capital increases The African Export-Import Bank (Afreximbank) announces that Fitch Ratings has affirmed the Bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘ with a stable outlook. The agency also affirmed the Bank’s Short-Term IDR at ‘F3’ and senior unsecured debt at ‘BBB-‘. Fitch highlighted…
On the 22nd of September 2020, the UNDP Regional Bureau for Africa, released a special edition of an online magazine showcasing how 50 young Africans are resourcefully helping fight the COVID19 Pandemic. The magazine – dubbed Africa Innovates, is timely as the world grapples with a response and recovery to a global pandemic. Africa Innovates…
The Zimbabwe Congress of Trade Unions (ZCTU) has mobilized international support for the workers of Zimbabwe who continue to bear the brunt of a free-falling economy, neoliberal policies, and a battered local currency. In its solidarity message today, the Crisis in Zimbabwe Coalition (CiZC) said it appreciates the support of trade unions from across the…
United Nations Secretary-General, Mr. Antonio Guterres has noted that landlocked developing countries face a myriad of challenges but emphasised that there is a ray of hope for overcoming them through a raft of measures he proposed through his office and UN partners worldwide. Below, Spiked Online Media shares the UN Secretary-General’s remarks at a meeting…
Mike Bloomberg, founder of Bloomberg Philanthropies and Bloomberg LP, three-term Mayor of New York City, has been announced as a keynote speaker at the inaugural Leadership Summit on Tobacco Control, to be held virtually from May 6-7 2021. Bloomberg will be joined at the event by heads of state and national and subnational governments, prominent global…
The African Export-Import Bank (Afreximbank) has announced the appointment of Mr. Constantin von Moltke as Director of Syndications and Agency. Prior to this appointment, Mr. von Moltke had been serving as the Head of Syndicated Loans at Afreximbank, having joined in 2016. He has more than 20 years’ experience in structured finance, including over 15…
By Anyway Yotamu Zimbabwe is a low-income country whose economy and livelihoods depend hugely on natural resources with an ambition to leapfrog it to a middle-income economy by 2030. The backbone sectors namely mining, manufacturing, agriculture, and tourism rely heavily on forest, land, and water resources for inputs to the production of goods and services….
By Hatredge Masawi Everyone is selling something nowadays and one of the interesting things is you see messages and posts flying left, right and centre on social media. Successful businesses know very well that content and the way you put across your information on social media helps in captivating customers to want to know more…
Book Review By Lovemore Chazingwa Author: Kudzanai Vere Title: Becoming A Person of Impact: The Six-Pack Approach Publisher: Transformational Mindset Institute ISBN: 9781779250957 Published: April 2020 Category: Transformative The publication is a piece pregnant with ingredients of a modern mind transcending spaces that were previously reserved for the elite and privileged. The title Becoming A…
By Rebecca Siggers Exploring popular destinations is a dream for all the travel enthusiasts out there. It instills a sense of well-being and boosts your confidence levels. From the tranquility of lush green mountains to turquoise waves’ sounds, you must experience them all. In case you’re a pothead, you might include the weed destinations in…
The Bank is extending the funding under its Africa Disaster Risk Financing (ADRIFI) program to enable the country to take out a drought risk index-based insurance policy The African Development Bank’s (www.AfDB.org) Board on Wednesday approved a grant of $2.1 million to boost the country’s resilience against climate-related shocks and food insecurity. The funds, sourced…
By Sowell Chikwari (Lifestyle Reporter) SCORES of touts, rank marshals, and vulnerable members of the Mufakose community last Friday received food hampers as well as essential Covid-19 personal protective equipment (PPE) to mitigate the effects of the lethal virus, courtesy of regional power utility firm, Power Giants Private Limited. Titled “Power Giants Mahwindi Covid-19 Relief…
Funding, to be sourced from the Special Relief Fund, will complement ongoing activities by the government of Mauritius, development partners, and other actors The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday approved a $500,000 emergency assistance grant to support internationalrecovery efforts after a significant oil spill earlier this year off the coast…
Zimbabwe Coalition on Debt and Development (ZIMCODD) This week’s instalment is on the clarion call for a people centred post-COVID-19 recovery plan. It is based on the speech by the Southern African People’s Solidarity Secretary General (SG), Janet Zhou that was delivered to the Society Talks: CSOs and outcomes from SADC People and Youth Summits…
By Wellington Zimbowa For a former primary school teacher turned into a beauty and skin wellness specialist, entrepreneur, and development practitioner, ‘nurturing’ is perhaps the core of Providence Moyo’s fate on mother earth! Looking back over the years, Providence doesn’t regret about the comfort of her previous job in Bulawayo to start a company, Divine…
New report exposes how known traders and exporters are circumventing legal channels and pocketing massive profits from smuggled artisanal DRC gold MPACT’s (https://IMPACTTransform.org/en/) newest report reveals how the Democratic Republic of Congo’s (DRC) illicit gold trade continues to thrive despite efforts to clean up the sector. Traders and exporters who are legally registered in the…
The book will contain data, insight, analysis and interviews, and will assess risks, opportunities and what is ahead for the African energy sector The African Energy Chamber will launch the book “African Energy Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback” in December; The book will contain data,…
Hosted by the African Development Bank at its headquarters in the Ivorian commercial capital, Abidjan, GCA Africa will work with partners across the continent African leaders welcomed the opening of a regional office of the Global Center on Adaptation on Wednesday, voicing hopes it will spur the continent’s efforts to combat climate change. In speeches…
BancABC Zimbabwe, the local banking subsidiary of Pan African group, Atlas Mara has today launched the City Hopper Service, a smart local remittance service which allows customers to send foreign currency between cities throughout Zimbabwe instantly and safely .The service is available at all 18 BancABC branches countrywide and through the BancABC kiosks in Pick…
Dr. Jenfan Muswere, the Minister of Information Communication Technology, Postal and Courier Services has said improved access to ICTs, will not only promote growth and development within the constituencies but will also have spillover benefits on the overall growth and development of Zimbabwe. Dr. Muswere made the statement on the occasion of the Chatumbama Base…
By Anyway Yotamu. The country’s Internet penetration rate fell 2.4% to 56.7% in the second quarter from 59.1% in the first quarter. This is the result of various upward tariff adjustments in the last three months. Internet use fell 4% to 8.3 million from 8.6 million in the previous quarter as more people are failing…
By Anyway Yotamu International tourist arrivals plunged 93% in June when compared to 2019 owing to the severe impact of coronavirus to the tourism sector, the United Nations World Tourism Organisation (UNWTO) has said. The latest data from UNWTO’s World Tourism Barometer shows that international tourist arrivals dropped by 65% in the first half of…
Members of the Pan-African Parliament (PAP) have been urged to advocate for the protection of children whose vulnerability is further increased by the exceptional circumstances caused by the Covid-19 pandemic. School closures, overstretched health care systems, heightened food insecurity and risks of exploitation, are all examples of ways through which children have been affected by the ongoing…
Honourable Mangaliso Ndlovu, the Minister of Environment, Climate, Tourism and Hospitality Industry has urged stakeholders to reflect and take action against the depletion of the stratospheric ozone layer. He made the call today, the 16th of September 2020, on the occasion to mark the 33rd anniversary of the signing of the Montreal Protocol on substances…
In her book, “Born to Fight”, Rutendo Gwatidzo helps readers identify the different types of fights that come in life and shares some of the tools that can be effective in dealing with them. Using a combination of biblical principles, testimonies from her life as well as advice that she has been given by others,…
By Charles Dhewa When your favourite indigenous fruits are in season, take a few samples and keep in the freezer for six months to a year and see what happens. Although touted as part of the solution to food and nutrition security in Africa, cold chain is yet prove its relevance for indigenous fruits and…
The COVID-19 pandemic has undoubtedly eroded the overall improvement in risk-reward scores seen across the African continent in recent years, but this should not deter investors Specialist risk consultancy Control Risks (www.ControlRisks.com) and independent global advisory NKC African Economics, the Africa-focused subsidiary of Oxford Economics, have today launched the fifth edition of the Africa Risk-Reward…
